Author: Imali-admin

Absa online banking services hit by technical issues

Absa bank has confirmed that it is currently experiencing technical issues with its digital banking services. In a statement sent to customers on Wednesday morning (25 April), the bank said that the issues were currently affecting its banking app and online banking channels. “We are currently experiencing technical challenges with our Banking App and Online Banking channels,” it said. “Our team is working on a fix & your patience is appreciated. Apologies in advance for the inconvenience this may cause. We thank you for your understanding and support.” At 08h05 its mobile and internet banking apps were not accessible...

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FNB launches eWallet eXtra – a fully mobile bank account

FNB has launched what it calls the “next level” of e-wallets in South Africa – a full service bank account opened and managed on all phones. According to FNB CEO Jacques Celliers, that new e-wallet, called eWallet eXtra, will move the current product from a simple “send money” account to a fully mobile bank account that’s accessible on a feature phone or a smartphone. The service is available for everyone with a valid South African ID, and you do not need to be an FNB account holder or visit a branch, FNB said. An account can be opened in under...

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Failure to submit tax returns can get you a criminal record

Taxpayers who do not submit their tax returns will end up with a criminal record, the South African Revenue Service (SARS) said. In its statement, the revenue service said it had embarked on a new initiative with the National Prosecuting Authority (NPA) to prosecute non-compliant taxpayers, including prominent South Africans, who have failed to submit returns. “Taxpayers who are found guilty will end up with a criminal record. The initiative has already seen its first conviction in Port Shepstone last week,” it said. S Ragunat, as the representative of SPS Distributors, paid an admission of guilt fine of R5...

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VAT increase sees escalation in banking fees

Banking services are among the many that will be affected by the 1% VAT increase effective 1 April 2018. This comes amid rising costs for petrol, school fees and a whole range of consumables factored into the  increasing cost of living. The Ombudsman for Banking Services, Reana Steyn says, “Consumers should rework their budgets and remember to include  increases in their  bank fees due to the VAT increase.” “This is a good time to assess the services you require for your personal (and business) banking needs, to shop around and see which bank has the most affordable fees for...

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Restoring the credibility of Sars

Critical business units that were demolished during Moyane’s reign should be reinstated. The brand of Sars has been tainted. It is now associated with frustration, lack of trust, and “pay back my money”. How does Sars bring taxpayers back on board and re-earn their trust and support? No one will deny that we have to pay our taxes, but surely that should also apply to the various criminals who over the last few years have been let off the hook? How does Sars again become a leading tax collection agency? Mark Kingon, the interim acting commissioner, has been handed...

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